Abstract:

Ulrich Immenga is Professor of Law, University of Gtlttingen; Director, Institute of International Economic Law. Abstract: This article discusses the conflicts between trade regulation and competition
policy. It begins with a survey of the effect of restrictive practices - particularly
those like export cartels that are exempted from competition law regulation - and
continues with a critique of national support and authorization for restrictive practices as
well as protective state activities, including antidumping rules, rules against "unfair"
trade practices, and voluntary export restraints. The article concludes with a summary of
unilateral, bilateral, and multilateral approaches to a more effective international regime
for competition policy. It also introduces the recommendation for a Draft International
Antitrust Code, which was submitted to GATT.